Freephone 0800 802 1051

Legal and General


Legal and General are another household name known for their investment and insurance products. They joined the lifetime mortgage market in 2015 and have quickly grown to be one of the leading lenders.

Legal & General lifetime mortgages come in two main types::

‘L&G Flexible Lifetime Mortgages’.

These plans have now been given a colour code by L&G, such as ‘Flexible Pink’ where the colour refers to the amount you can borrow against the value of your home (the LTV). The higher the LTV available, the higher the interest rate payable. 

They are all drawdown plans which enable you to borrow an initial amount (£10,000 minimum) and the remaining cash facility is there for you to borrow against as and when needed.

The ‘Flexible’ range also offers voluntary repayments where you can repay up to 10% of the total amount borrowed each year without penalty. 

‘L&G Income Lifetime Mortgages’.

These are also colour coded, where a higher interest rate is payable for higher LTVs. These plans provide a monthly fixed income (from a minimum of £200) for between 10 to 25 years. All of Legal & General’s lifetime mortgage plans come with optional inheritance protection. 

Do the high street banks offer lifetime mortgages?

The ‘big 6’ high street banks - that is Halifax, Barclays, Lloyds, HSBC, Santander and Royal Bank of Scotland (RBS) don’t currently offer lifetime mortgages or other equity release plans themselves.

Recently, Nationwide entered the lifetime mortgage market but instead of offering its own range of plans, it refers its members to Pure Retirement

Call us anytime

We understand that with different options to choose from, it can be difficult to find the right home reversion plan provider for you. That’s why our team of expert and impartial advisers are on hand to answer all your questions and find the right solution for you.

It costs nothing to give us a call and the first and only person you’ll speak to is your local adviser. That’s because we don’t have call centres. Just highly qualified and experienced advisers ready to help you.